Deutsche Post Net Drops on Lower Postbank, DHL Profit

Discussion in 'The Latest USPS, Amazon, and DHL Headlines' started by cheryl, May 14, 2008.

  1. cheryl

    cheryl I started this. Staff Member

    Deutsche Post Net Drops on Lower Postbank, DHL Profit - Bloomberg

    Chief Executive Officer Frank Appel is faced with turning around DHL Express in the U.S. and is considering whether to sell a majority stake in Postbank, Germany's biggest consumer bank by clients. U.S. Express operations are still ``disappointing'' and Deutsche Post expects to present a turnaround plan for the unit on May 28, Chief Financial Officer John Allan said today.